Chika Wonah | New Technology

Cybersecurity and Technology

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Emerging Tech Trends in 2023

The tech world is constantly evolving, and this year will be no different. Here are some of the most significant technological trends and factors that businesses should be aware.

AI

Artificial intelligence (AI) will become vital to organizations‘ operations in 2023. Its ease of use will allow us to create new and innovative products and services.

In the retail industry, one of the most prominent examples of this trend is the use of AI by fashion startup Stitch Fix. Through its algorithms, it has been able to recommend suitable clothes for its customers.

In 2023, autonomous and contactless shopping will become a huge trend. AI will make it easier to receive and pay for services and goods.

In addition to improving the efficiency of various processes, AI will also help retailers automate their inventory management. This will allow them to focus on their core business, providing customers with the best possible experience.

The Metaverse for Real

Although I don’t particularly care about the term metaverse, it has become a buzzword that refers to a more immersive internet experience.

According to experts, the metaverse could create $5 trillion in economic activity by 2030. 2023 will be the year when the future of the metaverse is defined.

Virtual and augmented reality will continue to advance. In 2023, the work environment within the metaverse will become more immersive. It will allow people to collaborate and brainstorm.

Companies such as Microsoft and Nvidia are currently working on developing platforms that will allow people to collaborate on projects within the metaverse.

In the future, we’ll additionally see the development of AI-enabled avatars that will allow individuals to act as representatives of the metaverse even if they’re not in the digital world.

Web3

In 2023, blockchain technology will significantly advance as companies start creating decentralized services and products.

In the future, we’ll see more companies decentralizing their data storage and implementing blockchain technology to ensure that their information is secure.

In the new year, non-fungible tokens (NFTs) will become more practical and usable. For instance, if you buy tickets to a concert, you might have access to memorabilia and backstage experiences. These could also be the key to interacting with various digital services and products.

Digital and Physical World

The merging of the physical and digital worlds will continue to advance in 2023. Two of the components of this are 3D printing and digital twin technology.

A digital twin is a type of simulation that allows engineers and designers to test new ideas by creating physical objects in a digital environment. This technology eliminates the need for expensive experiments and will enable them to perform simulations on various conditions. In 2023, more companies will start using digital twins to develop new products and services.

Through 3D printing technology, engineers can now create their components after testing them in a virtual environment.

For instance, Formula 1 teams can now collect data about their cars’ performance during races by monitoring the temperature and other factors. Through the data collected by sensors, they can then run simulations and make changes to the car’s design.

Chika Wonah A Guide for Cybersecurity Terms

A Guide for Cybersecurity Terms

The topic of cybersecurity is becoming increasingly prevalent worldwide due to the number of companies that cyber-attacks have hit in the last few years. Social security numbers and other sensitive data were stolen in the Equifax hack, which affected over 145 million people.

 

Despite the technological advancements in the past few years, we remain at risk of having our digital data stolen and manipulated. However, being in the digital age is not as frightening as it sounds.

 

In addition to having a good understanding of how your device works, you should also learn cybersecurity basics. This will allow you to protect yourself and your company from various threats.

 

VPN

This tool encrypts traffic and masks the user’s location so they can remain anonymous on the internet.

 

IPN

Your computer’s internet version is known as its home address, typically displayed when it connects to a network.

 

Exploit

An exploit infects a computer with a malicious application or script.

 

Breach

Once a hacker successfully exploits a vulnerability, they can access a computer’s files and network.

 

Firewall

Defend yourself from bad guys with this defensive technology. It is possible to have a hardware firewall or a software firewall.

 

Malware

Malware is an umbrella term that refers to various types of harmful software that can affect a computer. Some of these include viruses and ransomware.

 

Virus

Viruses are designed to modify, corrupt, or wipe information on a computer before it can spread to other people.

 

Ransomware

Ransomware is a type of malware designed to prevent a user from accessing their computer’s files. It typically demands a ransom to get the files decrypted.

 

Bot

An attacker can take over a computer through a command-and-control system typically performed through a software application or script. This type of attack is referred to as a botnet.

 

Rootkit

A type of malware known as a rootkit is another attack that allows hackers to take over a computer. Since it’s hard to detect, this type of malware could remain on a computer for a long time.

 

Phishing

Criminals use a variety of techniques to trick people into providing their personal or sensitive data to them. For instance, they can send out email messages designed to trick people into entering their bank account information.

 

Great Technology Podcasts For 2022

Podcasts have become all the rage as of late, especially when it comes to learning more about our favorite subjects. Technology in particular is one subject where you’ll likely never struggle to find new content to listen to. Some tech podcasts cover the latest news in tech, others review the newest pieces of hardware, and others tell wild stories about the world of technology. No matter what you’re interested in, you’re bound to find a technology podcast that works for you. Here are a few of the best tech podcasts out there right now.

 

Techmeme Ride Home

For years now, Techmeme has carefully curated and aggregated the best of the tech industry’s most important news. Through its website and podcast, Techmeme Ride Home delivers a variety of the latest news and analysis in audio form, making it easier to keep up with what’s happening in the industry. The show is hosted by Brian McCullough and briefly covers the day’s hottest news, adding in a little bit of his own commentary to spice things up. The podcasts run around 15 minutes long, and they usually go up at around 5 p.m. daily.

 

Acquired

The Acquired podcast talks about the stories of great tech companies, as well as the lessons that they learned while building themselves up. It’s hosted by Ben Gilbert, the managing director of Seattle-based venture capital firm Pioneer Square Labs, and David Rosenthal, an angel investor based in San Francisco. They’re knowledgeable about startups, and they regularly talk to investors and successful founders about the strategies that can help great companies get started. Some of the notable individuals they’ve interviewed include Eric Yuan, the CEO of Zoom, and Katherine Boyle, the founder of a16z.

 

WaveForm

Despite the evolution of software, hardware and gadgets are still important, and that’s the reason why the Waveform podcast is focused on this subject. It features well-known tech influencer and YouTube personality, Marques Brownlee, who reviews various products, such as electric cars and smartphones. Each week, Brownlee and his cohost Andrew Manganelli look at the latest innovations in gaming equipment, virtual reality headsets, electric vehicles, and so much more. While they take a critical eye on everything that they cover, it’s clear they have a passion for this subject, which is a big part of the appeal.

 

Connected

The weekly podcast, Connected, takes a deep dive into Apple World, where it covers the latest innovations from the company and its apps. It also explores how they work together in the ecosystem. This show features the editor-in-chief of MacStories, Federico Viticci, and the cofounders of Relay FM, Myke Hurley, and Stephen Hackett. The three each bring their own unique views to the table, and it’s easy to tell how comfortable they are talking when you start to catch all of the long-running jokes and references to past episodes.

Must-Read Books On Technology To Read In 2022

Technology is part of our everyday lives, whether we like it or not. It’s been like this for hundreds of years, and it’s only going to continue to be a part of our lives, especially in our always-connected world. If you’re interested in learning more about technology, whether it be in the past, our current day, or in the future, one of the best ways to do so is to read a good book on the subject. There are countless great books out there that discuss the many facets of technology, plenty that you probably haven’t even thought of. Here are a few of the best books to read on technology this year.

 

The Cloud Revolution – Mark P. Mills

According to author Mark P. Mills, the next ten years will see a technological convergence that will lead to an economic boom that will be referred to as the Roaring 2020s. Instead of a single major innovation, the technological advancements that will be made will be in multiple areas, such as computers, materials, and machines. The building blocks of all of these new innovations are being developed with supernatural qualities. The increasing number of machines and their ability to transport a wide variety of goods are contributing to the technological revolution. The Cloud, which was founded on the principles of artificial intelligence and next-generation processors, is allowing this to happen.

 

The New Breed: On Robots and Animals – Kate Darling

Kate Darling is an authority on robot ethics, and in her book, she argues that we should stop assuming that the technological advancements that will be made over the next decade will resemble us. Instead, we should focus on the interactions that robots will have with animals. According to Darling, robots will not replace humans in any way, and they will complement each other just as humans have done with animals in the past. The book explores how machines can provide us with new knowledge about our history and systems, as well as how we interact with non-humans. It also explores the moral challenges that will face us as we continue to develop new technology.

 

Cyber Threats and Nuclear Weapons – Herbert S. Lin

In his book, Herbert S. Lin breaks down the various risks that affect the US nuclear enterprise. He explains how these risks are managed and how they can be predicted. The book also provides readers with a variety of scenarios that can help them make informed decisions. This book is the first comprehensive analysis of the various cyber hazards that affect the nuclear industry. It provides recommendations on how to manage the conflicts between the development of nuclear capabilities and the rising cyber risk.

 

The Age of AI: And Our Human Future – Daniel P. Huttenlocher, Eric Schmidt, and Henry Kissinger

In this book, three prominent philosophers discuss the various ways that AI will affect our society and how it will affect our connections to politics, information, and society. According to them, by developing strategies that were previously only thought of by human grandmasters, an AI can win at chess. One AI program was able to discover a new antibiotic by analyzing the molecular characteristics of an organism that scientists did not understand. This technology is being used in various industries, such as education, broadcasting, and browsing. As a result, people are starting to perceive the world through a different lens.

How Technology Has Changed our Lives: Part Two

A good anti-virus software can help protect you from various types of threats that are out there on the internet, such as ransomware and malware. These are usually designed to extort money from their victims. Having the proper software can help keep these efforts from happening, and nobody is immune from these types of threats.

A great way to improve security is by using a VPN, which allows you to bypass the internet service provider and keep your digital footprints private. It can also help prevent unauthorized access to your content. There are additionally many public Wi-Fi accounts that can be used with a VPN, and we highly recommend using Surfshark. This app is very easy to use, and it features a variety of features.

Despite the popularity of online shopping, it’s still important to note that the high street is still a very important part of your shopping experience. Even though you can order a delivery, you can still see a product in person before you make a purchase.

Despite the rise of online shopping, technology has not completely bypassed the physical shopping experience. Thanks to the use of phone and contactless payments, we no longer need to carry cash or key in a pin number when making purchases.

A POS system is a great addition to any business, regardless of its size. It can help you take payments and manage various aspects of your business, such as stock levels, loyalty schemes, and sales. It can be very cost-effective, as most systems start at around $30 a month. We’ve reviewed the best POS systems available right now, and you can easily compare them with our review tools.

Even though you don’t need to go to the store to shop, technology has made it easy for everyone to access a virtual shop front. With a tablet, smartphone, or laptop, we can easily browse through the various products that are available in a store.

Retail has become more democratized thanks to technology. Before, it was typically necessary to have a physical presence to start a business.

Today, it’s much easier for people to find something out than it was previously. They don’t need to move from their location to search for something. They can just pull out their phone and ask their smart home assistant to find it.

It used to be that you had to go to the library in order to find out more about a subject, or at least get a deeper understanding of it, if it was available at all. Thanks to the advances in technology, there are now hundreds of thousands of web pages that are dedicated to various subjects. For instance, if you search for “crochet patterns,” you can find 129,000,000 results.

There are also apps that allow businesses to route their vehicles according to the traffic, weather, and safety information. These kinds of tools have made it easier for people to find information and make decisions.

Aside from the apps that run on these devices, it’s also important to note that the web searches that are conducted on mobile devices outnumber those conducted on desktop computers. The rise of smartphones has led to an exponential increase in the number of web searches conducted on mobile devices.

The rise of smartphones has made the mobile phone an essential device for most people. It has transformed its original role as a telephone into a digital portal that people can use to browse the web.

Despite the various negative effects of the pandemic in 2020, one of the most positive aspects of 2020 was the widespread acceptance of working at home. During the pandemic, many people had to leave their offices and stay home. Even after the pandemic passed, large companies such as Microsoft and Twitter have already stated that they will allow their employees to work from home indefinitely.

Working from home has been a revelation for many people, as it allows them to have more flexible working hours and a more eco-friendly lifestyle. Thanks to the technological advancements that have occurred, it’s now possible to work from anywhere.

Here are seven technological advancements that have made a huge impact on our lives for good. Although technology never takes a break, it’s also possible that some of the services and devices covered here will soon be replaced by newer versions that are already being developed in a lab somewhere. Regardless of the reason for this, it’s still important to note that technology has a huge impact on our lives.

How Technology has Changed our Lives: Part One

The rise of technology has affected every aspect of modern life, from safety and transport to socialization and productivity. With the help of the internet, people can now share ideas and resources easily, but its overuse has been linked to a variety of issues, such as depression and social division.

We take technology for granted even when it’s helping us keep up with the latest news and making our morning cup of coffee.

In the past year, various technological innovations have made us more dependent on technology. Was the coronavirus pandemic able to help us overcome the challenges of the year?

The first words spoken over the telephone were made by Alexander Graham Bell in 1876. It’s been over a hundred years since Bell invented the telephone, and it’s fair to say that it has had a good run. Bell believed that there would be one in every town, and he was right. However, technology has made the traditional audio call obsolete. Instead, people use social media and messaging to connect with each other.

In the past few years, the rise of video calling has been one of the most prominent technological innovations. It’s not new, as this concept has been around for a long time. However, the increasing cost of broadband has made it much easier for people to send and receive video calls.

Despite the technological advancements that have occurred in the past few years, video calling has still been around for a long time. The coronavirus pandemic has pushed it over the edge, and it’s expected to continue to do so.

Due to the increasing number of people using video calling, it has become more common for families and friends to meet up and socialize through video calls. While there are many different video conferencing apps out there, Zoom has emerged as the most popular platform for video chatting in the public consciousness. In early 2019, the company claimed that it had over 300 million daily users, which is significantly more than the 10 million people who were just a year earlier.

Although Zoom is a great tool for people who are looking to catch up with their buddies, it can be very challenging to support your business during the pandemic. In this article, we’ll talk about some of the most prominent video conferencing systems out there.

According to a report, Americans spent over six hours a day in 2019 surfing the internet. This is a huge increase from the previous year, and it’s expected to continue to rise following the lockdowns.

Today, almost every aspect of our lives can be accessed online, and it’s inevitable that our time spent surfing the internet will only increase. We’re constantly looking for new ways to spend our time, and it’s no surprise that people spend a lot of time surfing the internet.

Despite the convenience of online access, it has also made people vulnerable. They leave their digital footprints all around the house, and every move they make is recorded. Scammers and hackers know this, and they use it for their own financial gain.

Despite the technological advancements that have occurred in the past few years, technology still has to provide us with the necessary tools to protect ourselves from the risks that come with being online. In 2021, it’s even more important that we have the proper tools to manage our online activities.

One of the most important tools that people can use to protect themselves from the risks that come with being online is a password manager. This type of tool will help them manage their existing passwords and ensure that their details are secure. It can also help them avoid forgetting one of their many passwords.

One of the best ways to protect yourself from the risks that come with being online is by having a good security app. There are a variety of low-cost solutions that can provide you with the necessary tools to manage your online activities.

Technology and Mental Health: Part 2

In an article published by the healthcare website Tame Your Practice, Reinhardt discussed the various advantages of using telemedicine platforms for mental health counseling. One of these is that it can help individuals manage their stress levels and improve their quality of life. According to a study conducted by researchers at the University of Zurich, online counseling can be more effective than in-person sessions.

A study conducted on two groups of clients revealed that those who received online counseling experienced better outcomes than those who received in-person therapy. The researchers found that 53 percent of the individuals who received counseling online reported experiencing a reduction in their depression, while 50 percent of those who received in-person therapy said the same.

One of the main advantages of using telemedicine platforms is that it allows individuals to receive the same level of care and treatment they would receive in-person. It’s also cheaper and allows a wider scope of clients to be seen.

Although it’s generally allowed for counselors to use online counseling platforms to aid in the process of providing services, they still need to follow ethical guidelines when it comes to using technology. For instance, according to the American Counseling Association’s Ethics Code, counselors should only use technology that’s designed to help them provide effective and ethical counseling.

Although the use of technology can help individuals manage their mental health conditions, it has also been suggested that the use of the internet and technology can be linked to the development of mental health disorders. This is because studies have shown that the prevalence of certain mental health conditions can be influenced by the use of the internet and technology.

According to a study conducted by Dr. Romeo Vitelli, the use of the internet and technology has been linked to the development of a growing number of mental health disorders. He noted that the prevalence of internet addiction is similar to other forms of addiction. For instance, withdrawal symptoms can be triggered by the lack of access to online services.

Although the use of technology can help individuals improve their education and develop stronger interpersonal relationships, it can also be harmful to their mental health. According to Vitalli, research has shown that the use of the internet and technology can lead to the development of mental health conditions such as depression.

In his review of the literature, Pantic noted that several studies have shown that the use of social media sites such as Facebook and Instagram can lead to the development of depression. However, he noted that more research is needed to establish the exact link between these activities and mental health conditions.

Although the exact effects of the use of technology and social networking sites on the development of mental health conditions are still unclear, studies have shown that the prevalence of depression can be influenced by the users’ habits. One study conducted in 2013 by Pantic revealed that the users of Facebook were more likely to feel less happy. He also noted that the students who used social media sites were more prone to experiencing depression.

According to Pantic, the use of social media sites can trigger low self-esteem in some individuals. For instance, people might feel that they are not good enough or beautiful enough after seeing other people on the site.

The other study, which was conducted on university students in Utah, revealed that the users of social media sites were more likely to feel that their peers were more successful than they were. Although the exact link between the activities and mental health conditions is still unclear, Pantic noted that the users’ habits could be related to their own experiences.

Despite the technological advancements that have occurred in the field of health care, it is still clear that technology is still making positive changes in the treatment of mental health issues. However, it is also possible that the very tools that can help individuals manage their mental health problems could be linked to the experiences of individuals who have these issues.

Although the exact link between technology and mental health conditions is yet to be established, it’s still important for mental health counselors to have a comprehensive understanding of the relationship between the two. This is because they are expected to constantly improve their skills and knowledge.

Technology and Mental Health: Part 1

Upon graduating from a Master of Arts in Counseling program, individuals can become certified as mental health counselors. These individuals can help individuals with various mental health issues, such as those who have lost a loved one. For instance, a mental health counselor can help a woman who recently lost her husband, while another one is assisting a young man with an anxiety disorder.

The role of a psychiatrist is challenging and rewarding. It involves developing and implementing effective strategies to help individuals with mental health concerns.

Due to the rise of digital technology and the increasing number of people using smartphones and social media, mental health counselors are more likely to encounter individuals who are struggling with issues related to their use of these platforms.

According to psychiatrist Dr. Igor Pantic, the rise of social media has had a significant impact on the way people communicate. In a review of the literature, he noted that the platforms have made it easier for individuals to connect with each other.

He also noted that there have been several studies that suggest a link between the use of social media and various mental health issues, such as depression and anxiety. However, Pantic noted that these studies are not yet definitive and that further research is needed to establish a clear link between technology and mental health.

Although it is important for mental health professionals to have a good understanding of the various effects of technology on mental health, it is also beneficial to learn more about its positive impacts. Aside from being beneficial for individuals, technology can also help improve the way people manage their mental health. There are various observable areas where technological advancements have helped people take charge of their own care.

Despite the progress that has been made in addressing mental health issues, journalist Conor Farrington noted that the lack of resources for mental health care continues to be a major issue. For instance, according to Farrington, the average cost of mental health care in the U.S. and the U.K. is around $33.

In developing countries, the availability of mental health care is significantly lower. According to Farrington, technology can help improve the quality of mental health care by providing various services.

According to Los Angeles Times reporter Lena Sun, technology is helping improve the quality of mental health care by providing various services and information. For instance, she noted that there are now apps that promote mental wellness and are able to provide individuals with online courses in cognitive behavioral therapy.

In her article, Sun highlighted a British-based online platform that has been endorsed by the country’s national health service. The Big White Wall is an online community that enables people with various mental health issues to manage their symptoms. It features a variety of tools and resources, such as online classes and educational resources.

What are Cyber Threats and What to Do About Them

During the 1950s, the term cyber was used to refer to the study of how animals and machines move and control themselves. It was then replaced by “computerized.”

The 1990s saw the emergence of a new term that was associated with technology: cyberspace. It was used to describe an imaginary physical space that people might believe existed within their electronic devices.

Today, the term cyber is mainly used to describe the security matters that affect people’s lives. However, it’s also possible to visualize the phenomenon as a physical one.

Cyber attacks are acts of violence that are carried out using the means of cyberspace. They are usually carried out against people or devices that are considered digital. Through the metaphor of cyberspace, we can learn more about the ways in which digital weapons can harm us.

The goal of a cyberattack is to either make a nuisance of itself or to potentially threaten the lives of people. While many of these are harmless, some can be very serious.

Cyber threats are considered to be very serious threats. They can cause electrical blackouts and failure of military equipment, as well as the theft of sensitive data such as medical records. These types of attacks can also affect the operations of computer networks and phone systems. It’s not an exaggeration to say that they can affect the functioning of our lives.

According to Gartner, the number of cyber threats is increasing due to the complexity of the situation and the increasing number of business leaders who are making technology-related risk decisions. Despite the increasing number of attacks, the security solutions that are being developed are still very effective.

Despite the seriousness of the situation, the US government is still moving too slowly when it comes to addressing the issues related to cyber threats. According to a report released by the White House, 74 percent of the federal agencies are considered at risk or have high risk of experiencing a cyberattack.

The US government has been the target of numerous data breaches in the past couple of years. Some of these attacks were carried out by Chinese intelligence agencies.

The various types of cyber threats that are carried out are categorized into three broad categories: attackers who are looking to gain financial gain or disruption, state espionage, and corporate espionage.

Every cyber threat is different, and attackers have an abundance of attack techniques and methods.

One of the most common types of attack techniques that attackers use is email-borne. It involves tricking the recipient into clicking on a link in an email message.

One of the most common types of cyber threats that are carried out is a sophisticated phishing attack. This type of attack involves the attacker gaining access to the victim’s information and then impersonating someone that they know.

Another type of attack that is carried out is a MitM attack, which involves intercepting and communicating with the recipient of an email message. In this scenario, the attacker tries to trick the recipient into thinking that they are communicating with one another.

The Trojan Horse is a type of malware that typically enters a target system and then installs itself. It can be a standard piece of software or it can be a different type of malware.

A ransomware attack is carried out by an attacker who demands a ransom in order to get the victim to restore their access to their data. These types of attacks can be very serious and include incidents such as the lockdown of the entire city of Atlanta’s data in 2018.

In a typical attack, the attacker takes over a large number of devices and uses them to perform various functions, such as crashing a website.

Industrial sensors are also prone to being targeted by cyber threats. Hackers can take over a device and use it as part of a distributed denial of service attack. They can also access the data collected by the device. Given the number of these devices and the geographical distribution of their users, they are often the target of malicious actors.

A data breach is a type of attack that occurs when a person or group of people obtains unauthorized access to a person’s data. The main reasons why data breaches are carried out are usually related to espionage or identity theft.

Mobile devices are also prone to being targeted by cyber threats. They can be easily compromised by attackers who embed malware in various forms of media, such as text messages, apps, and websites. Once the device is compromised, the attacker can access the victim’s personal information, such as their bank accounts and location.

Every year, there are millions of cyber threats created. Despite the standard structures that are used to combat these threats, they are still evolving.

What is the Future of Bitcoin?

In 2021, the value of Bitcoin hit an all-time high of around $69,000. However, it has since started to decline. At present, it has a market cap of around $39,000. Bitcoin is volatile, with a history of up and down cycles. This raises questions about its potential crash.

Over the course of the year, Bitcoin experienced a number of ups and downs. It wasn’t the only cryptocurrency that had a rough end to the year. The decline in global stocks was caused by various factors. One of these is the uncertainty surrounding a new Covid variant and the higher interest rates that it will cause businesses to pay.

In December, the value of various digital assets such as Bitcoin and other cryptocurrencies started to decline. In January, Bitcoin’s price hit around $40,000. It then continued to fall throughout the rest of the year.

Fears about the US raising interest rates and China’s continued efforts to ban cryptocurrencies are also contributing to the decline in the market. Bitcoin’s price does not take into account the performance of a company, but rather, it is determined by how people think it will perform. This is, in other words, the reason why the price movements are based on speculation.

Due to the nature of the speculation, Bitcoin can experience violent price swings. There have been several instances where the price has changed dramatically. Tesla CEO Elon Musk announced in May that the company would no longer accept payments made using cryptocurrencies due to the environment.

In June, China banned the trading and mining of Bitcoin. In the following month, UK banks stopped making payments to cryptocurrency exchanges. The FBI seized millions of dollars in Bitcoin from criminals. The UK’s financial watchdog also blacklisted one of the biggest cryptocurrency exchanges, including Binance.

In August, the International Monetary Fund warned about the potential effects of cryptocurrencies on the global economy. It noted that their widespread use could threaten the stability of the financial system. Also in August, a group of hackers known as the Poly Network stole $600 million from a financial firm. They then returned almost a third of their stolen money four days later.

In March 2021, Morgan Stanley became the first major US bank to allow its wealthy clients to access Bitcoin funds. It restricted the access to the digital asset to no more than 2.5% of an investor’s total net worth.

Musk said in June that Tesla would eventually start accepting payments made using Bitcoin again once the company’s energy usage is more than 50% from renewable sources. Amazon sparked speculation that it would eventually accept Bitcoin as a payment method by posting a job ad for a product lead.

Other stories about the potential impact of Bitcoin on the financial system were more mixed. For instance, the Federal Reserve is considering launching its own digital currency.

In July, US President Joe Biden issued an Executive Order aimed at coordinating the federal government’s actions related to the regulation of digital assets. Although many people think regulation is a bad idea, some believe this new order could help develop the proper protections for consumers.

The rapid rise and sudden surge of the prices of cryptocurrencies can make them more prone to a crash. This usually happens when the market hits a new high. It took Bitcoin more than a decade to reach $20,000. However, it only took three weeks for its price to double.

In 2013, the year when Bitcoin first hit its high, the price of the digital currency went from $13.40 to over $1,000. Fast forward to 2021 and the price had soared by more than 700% in 12 months. Where it is heading next is equally unpredictable.

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